Comtex News Network, Inc. (CMTX)

[flemsnopes]

I count 15 to 20 more 999 trades since I last reported this odd occurrence. In my opinion, the provision for payouts of .29 per share on holdings of less than 1000 shares creates the potential for mischief with corporate cash, and the number of 999 sales may provide some support for my hypothetical concern. One has to wonder about the frequency of blocks of shares - shares which in separate accounts would qualify for the .29/share payout, selling for .22 to .24 on a regular basis. Although this is only a gain of $50 to $70 per block, if one assumes many separate accounts, the total could easily be in the thousands of dollars by June 2nd. "Chump change" perhaps, but still troubling if one supposes some "prearranged" component to these sales. As a test, I plan to enter orders in each of my 3 brokerage accounts for one block of 999 shares at .22-.24. Given the frequency of these 999 share sales, I should be able to easily get the three orders filled and realize a one month dividend of $90 to $150 (adjusted for commissions) for my investment of $660 to $720 for 30 days, a return of up to 22.7% with little risk.